Operating and Capital Leases Sample Clauses

Operating and Capital Leases. Schedule 5.25, attached hereto and made a part hereof, sets forth (a) each operating and capital lease to which such Borrower or any Subsidiary is a party as a lessee which involves payments remaining in excess of $10,000; (b) the name of the lessor, and (c) a brief description of the property leased thereunder.
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Operating and Capital Leases. Schedule 7.24, attached hereto and made a part hereof, sets forth (a) each operating lease and Capital Lease to which such Credit Party or any Subsidiary of a Credit Party is a party as a lessee and which requires aggregate rentals of greater than $250,000 per year, (b) the name of the lessor, and (c) a brief description of the property leased thereunder.
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Operating and Capital Leases. Not enter into any operating or capital lease of any real or personal property which would cause its aggregate annual rental payments under all such operating leases plus payments under all such capital leases to exceed $3,000,000 in any fiscal year of GT;
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Operating and Capital Leases. Real Property Leases: This Company has signed a lease on a new facility that is intended to become the primary location for the Company’s offices and operations, with move-in anticipated in the third quarter of 2011. Current Principal Office Address: Street Address: 00000 X. Xxxxxxxx Xxxx. Xxxx, Xxxxx and Zip Xxxxxx, Xxxxxxxx 00000 County: Arapahoe County Brief Description of Activities Conducted on Parcel: Administration, research, product development, Types of Tangible Personal Property at Parcel (e.g., equipment and/or inventory): Computers, laboratory equipment, supplies Books and Records Location? Yes Name and Address of Lessor: Xxxxxxxxxx Redevelopment Authority 00000 X Xxxxxxxx Xxxx, Xxxxx 000 Xxxxxx, XX 00000 Copy of Lease has been previously provided to Lender: This lease has expired and the Company occupies the premises on a month-to-month basis. Future Principal Office Address: Street Address: 0000 Xxxxxxxxx Xxxxx Xxxx., Xxxx X Xxxx, Xxxxx and Zip Xxxxxxxxx Xxxxxxx, Xxxxxxxx 00000 County: Arapahoe County Brief Description of Activities Conducted on Parcel: Administration, research, product development, clean room Types of Tangible Personal Property at Parcel (e.g., equipment and/or inventory): Computers, laboratory equipment, supplies Books and Records Location? Yes Name and Address of Lessor: Xxxxxxx & Xxxx, LLC 0000 Xxxxxxxxx Xxxxx Xxxx., Xxxx X Xxxxxxxxx Xxxxxxx, Xxxxxxxx 00000 Copy of Lease has been previously provided to Lender: Yes.
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Related to Operating and Capital Leases

  • Capital Leases No Covered Person has an interest as a lessee under any Capital Leases other than Capital Leases that are Permitted Indebtedness.

  • Operating Lease Obligations On the Effective Date, none of the Loan Parties has any Operating Lease Obligations other than the Operating Lease Obligations set forth on Schedule 6.01(q).

  • Capital Lease Obligations With respect to any Person, the obligations of such Person to pay rent or other amounts under any Capitalized Lease.

  • Capital Lease Any lease of property (real, personal or mixed) which, in accordance with GAAP and Statement No. 13 of the Financial Accounting Standards Board would be capitalized on the lessee's balance sheet.

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Lease Obligations The Company shall not, and shall not suffer or permit any Subsidiary to, create or suffer to exist any obligations for the payment of rent for any property under lease or agreement to lease, except for:

  • Sales and Lease-Backs No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal or mixed), whether now owned or hereafter acquired, which such Credit Party (a) has sold or transferred or is to sell or to transfer to any other Person (other than Holdings or any of its Subsidiaries), or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Credit Party to any Person (other than Holdings or any of its Subsidiaries) in connection with such lease.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Real Estate Documents With respect to each parcel of real property owned by any Borrower, if any, a duly executed Mortgage providing for a fully perfected Lien, in favor of the Agent, in all right, title and interest of such Borrower in such real property, together with:

  • Leases The Property is not subject to any leases other than the Leases described in the rent roll attached hereto as Schedule V and made a part hereof. Borrower is the owner and lessor of landlord’s interest in the Leases. No Person has any possessory interest in the Property or right to occupy the same except under and pursuant to the provisions of the Leases. The current Leases are in full force and effect and, to the best of Borrower’s knowledge, (a) there are no defaults thereunder by either party and (b) there are no conditions that, with the passage of time or the giving of notice, or both, would constitute defaults thereunder. No Rent (including security deposits) has been paid more than one (1) month in advance of its due date. To the best of Borrower’s knowledge, all work to be completed by Borrower prior to the date hereof under each Lease has been performed as required and has been accepted by the applicable tenant, and any payments, free rent, partial rent, rebate of rent or other payments, credits, allowances or abatements required to be given by Borrower to any tenant has already been received by such tenant. There has been no prior sale, transfer or assignment, hypothecation or pledge of any Lease or of the Rents received therein. To the best of Borrower’s knowledge, no tenant listed on Schedule I has assigned its Lease or sublet all or any portion of the premises demised thereby, no such tenant holds its leased premises under assignment or sublease, nor does anyone except such tenant and its employees occupy such leased premises. No Tenant under any Lease has a right or option pursuant to such Lease or otherwise to purchase all or any part of the leased premises or the building of which the leased premises are a part. No Tenant has no right or option for additional space in the Improvements. Except as otherwise disclosed by the Environmental Report (as defined in the Mortgage), no hazardous wastes or toxic substances, as defined by applicable federal, state or local statutes, rules and regulations, have been disposed, stored or treated by any tenant under any Lease on or about the Property nor does Borrower have any knowledge of any Tenant’s intention to use its premises for any activity which, directly or indirectly, involves the use, generation, treatment, storage, disposal or transportation of any petroleum product or any toxic or hazardous chemical, material, substance or waste. True, correct and complete copies of the Leases have been provided to Lender and such Leases have not been modified or amended in any way.

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